The Ministry of Steel announced that during the period of April to February in FY26, the Steel Authority of India Limited (SAIL) had its highest-ever sales.
The steel company Maharatna saw a 14% increase in sales year-on-year in the first eleven months of the fiscal year, reaching 18.24 million metric tonnes (MT).
With a 10% increase from the previous year, SAIL also reached its highest-ever cash collection of ₹1.11 lakh crore during that time.
The retail sector also saw an uptick in performance, with more stockyard sales and door deliveries showing more consumer involvement and market penetration.
Sales for the entire year came to 1.58 MT, according to the corporation. SAIL’s enhanced financial sheet management was evident in a 1.05 lakh metric tonne inventory reduction and a ₹1,000 crore reduction in borrowings compared to January 2027.
In response to changing consumer preferences, SAIL has restarted production of chequered plates at its Bokaro Steel Plant in Jharkhand.
The company’s continued emphasis on financial discipline in response to market demands was echoed by A.K. Panda, Director (Commercial) with additional charge, who commented on the performance.
During the session, SAIL shares also rose, reaching an intraday high of ₹155.30 on the BSE, an increase of more than 3%.
